For SaleRisky Deal940 days on market
1198 MANDALAY POINT
1198 MANDALAY POINT, CLEARWATER, FL 33767, Clearwater, FL 33767
$37,500,000
Listing Price
1198 MANDALAY POINT, CLEARWATER, FL 33767
Loc: Clearwater, FL
Days Listed
940
Tax Assessed
$30033k
Lot Size
42.57 acres
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Sandy Lane Elementary School
PK-5
3.4 mi away
9
Dunedin Highland Middle School
6-8
3.2 mi away
5
Clearwater High School
9-12
5.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
coastalwaterfrontprivate-beachswimming-poolmulti-levelsecludedluxurytropicalnature-surroundingsdockmodern-architecturepanoramic-viewsmangroves
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.01%
Total ROI
89.4%
Cash Flow
$-6,856/mo
DSCR
0.96
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-6,856/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Clearwater
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2025-10-28 | Price change | $37,500,000 | $10,920 |
| 2025-08-21 | Price change | $27,500,000 | $8,008 |
| 2024-12-09 | Price change | $32,500,000 | $9,464 |
| 2024-02-26 | Listed for sale | $37,500,000 | $10,920 |
| 2011-06-08 | Sold | $4,460,000 | $1,299 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $74,005.2 | $3,871,480 |
| 2024 | $71,003.11 | $3,794,560 |
| 2023 | $70,102.53 | $3,684,039 |
| 2022 | $68,530.21 | $3,576,737 |
| 2021 | $69,699.85 | $3,472,560 |
| 2020 | $69,622.89 | $3,424,615 |
| 2019 | $68,602.92 | $3,347,620 |
| 2018 | $68,602.92 | $3,285,201 |
| 2017 | $67,823.24 | $3,217,631 |
| 2016 | $64,438.68 | $3,151,451 |
| 2015 | $65,383.46 | $3,129,544 |
| 2014 | $65,128.14 | $3,104,706 |
| 2013 | $64,865.12 | $3,058,824 |
| 2012 | $63,726.3 | $3,007,693 |
| 2011 | $0 | $2,920,090 |
| 2010 | $0 | $2,876,936 |
| 2009 | $0 | $2,416,601 |
| 2008 | $48,321 | $2,414,187 |
| 2007 | $0 | $2,343,871 |
| 2005 | $0 | $5,497,700 |
| 2004 | $48,936.3 | $5,067,000 |
| 2003 | $48,254.8 | $4,005,600 |
| 2002 | $46,262 | $4,256,900 |
| 2001 | $46,262 | $3,987,800 |
| 2000 | $44,697.1 | $4,154,300 |
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